How to Buy a House in Turkey?

Thousands of people choose Turkey to continue their lives in another country or to invest because it is a land of opportunities. Buying a house can be a complicated process in itself. In this article, we will inform you about how can you buy a house in Turkey.

Everyone knows that before buying a house, you need to do thorough research and this is the case for everywhere in the world. One of the most important steps to speed up this process is to contact a reliable and reputable real estate agency. This way, you will be informed about the steps to buying a property, the price and features of the houses, and finally the advantages of buying a house in Turkey. Given that you work with professionals, your process of purchasing a property will go smoothly and most importantly, you won't have to worry about being scammed.

What are the Characteristic Features of Houses in Turkey?

Turkey has a distinctive architectural design influenced by many cultures and historical periods. With the recent modern changes, one can find any type of property in Turkey, ranging from old resale properties to spacious villas.

However, there are some specific features that many Turkish houses possess. One of them is the balcony. Many houses in Turkey have either a balcony or terrace, offering the resident a little area to relax or enjoy the view.

Modern projects also offer amenities such as swimming pools, private parking lots, Hamams (Turkish baths), and fitness centers. The surrounding of the building typically contains wide green gardens for your family, promising a safe area for your children where no outsiders are allowed.

What are the 11 Steps to Buy House in Turkey?

11 Steps to Buy a House in Turkey: A Comprehensive Guide for Stress-Free Homeownership

Buying a house in Turkey can be an exciting and rewarding experience, but it's important to be prepared and understand the process. Here is a comprehensive guide to help you navigate the 11 essential steps:

1. Conduct thorough research. Learn about the country, region, district, and building type that best suits your needs and preferences. Istanbul Property, a leading real estate company in Turkey with over 15 years of experience, can provide valuable insights and assistance.

2. Visit Turkey to experience life firsthand. Once you've narrowed down your search, schedule a trip to Turkey to witness the country and its culture in person.

3. Partner with a reputable real estate agent. A reliable agent can help you find the perfect property, negotiate the best price, and navigate the complex buying process. Istanbul Property's multilingual team of experts is committed to providing clients with a seamless and stress-free experience.

4. Communicate your needs and preferences to your agent. The more information you can provide, the better equipped your agent will be to find the ideal property for you.

5. Inspect the property in person. Don't buy a house without seeing it first! Take your time to explore the property and ask any questions you may have.

6. Consider your housing options. Turkey offers a wide variety of housing types, from penthouses and villas to apartments and duplexes. Your agent can explain the pros and cons of each option to help you make an informed decision.

7. Negotiate the price. Bargaining is customary in Turkey, so don't be afraid to haggle with your agent. This could save you a significant amount of money, which you can then use to customize your new home.

8. Reserve the property at a fixed price. To lock in the price of your chosen property, make a reservation deposit of typically around $1,000 to $5,000 USD. This reservation fee is refundable if you change your mind within the specified timeframe.

9. Appoint a solicitor. A real estate lawyer can help ensure the legal integrity of the transaction and protect your interests. Istanbul Property can provide referrals to experienced and trustworthy solicitors.

10. Conduct a final inspection of the property. Before signing on the dotted line, take one last look at your new home to ensure that it meets your expectations.

11. Receive the title deed. Once the transaction is complete, you will receive the title deed, which officially confirms your ownership of the property.

Is Buying a House in Turkey Safe?

Although buying a house in Turkey is said to be a safe investment, this depends on the neighborhood, the city, and the characteristics of the house. A house in a booming neighborhood is expected to fetch a higher return, of course. Increasing demand, the ease of buying a home, and the return on citizenship make buying a home in Turkey attractive and are expected to continue to do so. In conclusion, buying a house in Turkey is a safe investment for you and your family.

Is Turkey Cheap to Live?

The cost of living can vary depending on the city you live in. In a big city like Istanbul, your monthly expenses will always be higher than in the rest of Turkey. However, to give you a general idea, the monthly cost for one person in Istanbul is approximately 550 dollars. This amount will decrease as you move away from the big cities. That’s why, many foreigners prefer to live in southern parts of Turkey, as it’s cheaper.

Can You Be a Turkish Citizen by Buying a House in Turkey?

Yes, obtaining Turkish citizenship by purchasing real estate is an implementation that has been in practice for years. Initially, home purchases over $250,000 were eligible for citizenship, but now this amount has been raised to $400,000. This means that if you invest over $400,000 in a house, you are eligible to apply for citizenship. In addition, if you deposit $500,000 in a Turkish bank for 3 years, you can also apply for citizenship.

Who can Buy Property in Turkey?

Citizens of 95 countries can buy real estate in Turkey. The countries that can buy real estate in Turkey without restrictions and permission from authorities such as the Ministry, provided that they comply with official restrictions, are as follows:

• Germany
• Azerbaijan
• Oman
• Sudan
• Saudi Arabia
• Turkmenistan
• United States of America
• Argentina
• Albania
• Belgium
• Belize
• Benin
• Bosnia and Herzegovina
• Brazil
• Bulgaria
• Burkina Faso
• Burundi
• Chad
• Dominican Republic
• Estonia
• Morocco
• Ivory Coast
• Finland
• France
• Gabo
• Gambia
• Guinea
• Republic of South Africa
• Georgia
• Croatia
• Netherlands
• England
• Ireland
• Spain
• Sweden
• Switzerland
• Italy
• Canada
• Kenya
• TRNC
• Colombia
• Kosovo
• Libya
• Lebanon
• Luxembourg
• Monetary
• Moldova
• Monaco
• Namibia
• Niger
• Norway
• Poland
• Portugal
• Peru
• Romania
• Serbia
• Slovakia
• Iraq
• Tunisia
• Brazil
• Austria
• United Arab Emirates
• Kyrgyzstan
• Tajikistan
• South Korea
• Japan

Where Should You Buy a House in Turkey?

Just as everyone dreams of a different kind of life, so do all the cities in Turkey. Istanbul is a sprawling yet crowded metropolis, Antalya is a city of long beaches and a city where day and night are different from each other. Bursa is a calm place known for its natural beauty, mostly preferred by families, while Izmir is a dynamic city where modernity and art meet and where young people choose to live. The implication here is that the cities you want to live in change according to your tastes in life. We have answered this question in detail in our blog on the best places to live in Turkey, don't forget to check it out.

What is the Best Real Estate Agent Service in Turkey?

Istanbul Property, one of Turkey's leading real estate companies, offers you a hassle-free buying process. By choosing Istanbul Property, you can speed up your home-buying process in Turkey and become a homeowner with peace of mind.

You might find useful:

• What is the Cost of Buying a Property in Turkey